Rochester Neighborhood Resource Center

Analysis

Rochester Neighborhood Resource Center is a registered charity in United States, based in Rochester, MN. It received its IRS tax-exemption ruling in January 2001, 25 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Rochester Neighborhood Resource Center reported income of $74k and spending of $113k, spending 152% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $107k to $74k (-31%), an average of -31% a year. The sharpest change came in the year to December 2023, when income dropped by 31%. Over the whole period it spent 113% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Rochester Neighborhood Resource Center sits at the 29th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 26th percentile within MN. Charities of a similar size with the same main cause include Pikeville Main Street Inc ($74k), California Federation of Womens Clubs ($74k) and Business Women in Petrochemicals Bip Incorporated ($74k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $61k against liabilities of $2,650, net assets of $58k.